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North Georgia Technical College in Blairsville, Georgia recently observed American Free Enterprise Day. Members of PBL (Phi Beta Lambda) welcomed guest speaker, Bob Anderson of Bank of Hiawassee. Students from Hiawassee High School FBLA also attended the informal presentation.

Anderson explained how to plan for retirement. He talked about aggressive and conservative plans, individual IRA's, 401-Ks, and the benefits of putting pre-tax dollars into an account. “It's called virgin money because it's never been touched by the government,” said Anderson . “Add on interest and the compounding effect allows money to grow at a faster rate. Of course, the types of investments affect the outcome.”

Anderson advised everyone not to rely on Social Security to meet their needs in retirement years. He told about mutual funds and how rewards depend on risk. He explained how Certificate of Deposits, if held for many years, may not keep up with the rate of inflation.

Anderson ended the presentation with a few words of wisdom, “It's never wise to draw upon your retirement investments to buy a new car! Have a long term plan and stick to it.”

PBL and North Georgia Technical College students would like to thank Bob Anderson and the Bank of Hiawassee for the informative lecture. PBL sets aside one day every February to learn about free enterprise in America . Through improved productivity, better technology, and entrepreneurship, a better future is possible.

PBL is one of several outstanding NGTC student organizations. PBL is a non-profit national educational association of students preparing for careers in business. North Georgia Technical College 's PBL club has an active, highly competitive membership. They have won many state and national competitions and have a record of producing many outstanding individuals.